Anyone made it through (or not made it through) ROFR recently? - Section V

I passed ROFR this past Tuesday and was told by my broker they were waiting for estoppels which would take 1-2 weeks. Today, which is 3 days later, I got an email saying that the closing documents had been approved and that the title complany has been instructed to send me the closing packet which I should receive via email in 2-3 days. My question is does this mean that the 1-2 week wait only took 3 days?

Edited to say: I just received the closing documents from the title company less than 2 hours since the email from the broker. I guess things are moving right along.

Click to expand...

I passed ROFR the same day as you, and received the same "1-2 weeks for closing documents" message, so since I read your post, I've been checking my e-mails every few minutes in hopes that I would hear too.

Sure enough, just got the same e-mail...hoping closing docs will come by end of day (cross fingers!). The sooner they come, the better...my sellers are from the UK, and the extra weekend might give them a bit of time to get organized, and will perhaps speed up the process...

Edited to add: Yup! I received my closing docs 1.5 hours after my first e-mail! Now I just hope my sellers made their US Embassy appt to have their docs notarized!

160 points -March Use Year -Saratoga @ $55 per point with all 2012 points (banked) 160 each year after - seller paying MF's and buyer/seller splitting closing

Click to expand...

Similar boat here - just had my very first offer EVER (at least with this particular broker) accepted yesterday, no counter which was nice for a change.

160 points, December use year, SSR @ $59 per point. 173 combined banked 2011 plus all 2012 points available, all 2013 points available. Buyer pays closing costs, seller pays 2011 and 2012 dues. I realize most posts on these boards are lower than the $59 but I was growing disillusioned with all the listings at $64-65/ppt and I would then offer $59 and get countered at $62-64. I was sick of playing the game so I paid slightly more. I'm still completely fine with the price, especially considering how many free points I'll have to spend.

Similar boat here - just had my very first offer EVER (at least with this particular broker) accepted yesterday, no counter which was nice for a change.

160 points, December use year, SSR @ $59 per point. 173 combined banked 2011 plus all 2012 points available, all 2013 points available. Buyer pays closing costs, seller pays 2011 and 2012 dues. I realize most posts on these boards are lower than the $59 but I was growing disillusioned with all the listings at $64-65/ppt and I would then offer $59 and get countered at $62-64. I was sick of playing the game so I paid slightly more. I'm still completely fine with the price, especially considering how many free points I'll have to spend.

Now, the waiting begins

Click to expand...

Congrats.

The main thing is to pay a price you are happy with. A couple of dollars extra per point isn't going to make a lot of difference in the long run.

So excited, I have another contract in the works. Already own resales of:
500 SSR
50 OKW
50 BWV
30 BCV
Since travelling with many family members, I'm finding the smaller contracts not big enough to do much with. May end up adding points to them (or selling) some day.

The main thing is to pay a price you are happy with. A couple of dollars extra per point isn't going to make a lot of difference in the long run.

Click to expand...

Thanks. However....so much for that. They emailed me after about 4 days that the husband of the seller couple was the one who OK'd my offer, but the wife got mad that she wasn't consulted and refused and countered at $64. So, back to square one. That was highly disappointing.

We are looking seriously at buying in. It is nice to have all of the data in one place. I didn't see that anyone had done any analysis on the data, so I put some together. We are looking at SSR, BWV, or OKW.

I realize that this is only data that has been self-reported through the boards, so is only a subset of the deals, but I've come up with some average point costs for the deals, both in terms of avg purchase price by contract and purchase price by point.

SSR:

Avg price/point (avg contract point price) $55.13​

Avg price/point (total dollar/total points) $54.28​

BWV:

Avg price/point (avg contract point price) $58.21​

Avg price/point (total dollar/total points) $57.05​

OKW:

Avg price/point (avg contract point price) $53.71​

Avg price/point (total dollar/total points) $52.57​

Only OKW has enough grabbed by Disney to make sense to show. So this is the for the deals lost to Disney:

OKW:

Avg price/point (avg contract point price) $51.48​

Avg price/point (total dollar/total points) $50.20​

Looking at the deals grabbed is interesting. They seem to be all over the board, but it looks like they are definitely tryiing to pull in as much OKW inventory as they can to turn more of the 2042 contracts in to 2057.

I hope this is helpful to folks. Let me know if you need other information, esp from these 3 resorts.

Thanks. However....so much for that. They emailed me after about 4 days that the husband of the seller couple was the one who OK'd my offer, but the wife got mad that she wasn't consulted and refused and countered at $64. So, back to square one. That was highly disappointing.

Click to expand...

That really stinks. Hang in there... You will end up w/ an even better deal

Thanks. However....so much for that. They emailed me after about 4 days that the husband of the seller couple was the one who OK'd my offer, but the wife got mad that she wasn't consulted and refused and countered at $64. So, back to square one. That was highly disappointing.

Click to expand...

I had a similar situation. Though it was the wife who accepted and the husband who was not happy. I got a call from the broker about a month later asking if I was still interested in my orginal offer. I said yes (I was just about to sign a contract that was not as good). Apparently the husband decided that my offer was the best they had gotten (the contract was on the market for 6 months) and he wanted out. So maybe you will get some pixie dust.

I had a similar situation. Though it was the wife who accepted and the husband who was not happy. I got a call from the broker about a month later asking if I was still interested in my orginal offer. I said yes (I was just about to sign a contract that was not as good). Apparently the husband decided that my offer was the best they had gotten (the contract was on the market for 6 months) and he wanted out. So maybe you will get some pixie dust.

Click to expand...

That is good to know, hopefully they keep our information. I have not had good luck with a lot of resales. After I put my offer in I get a call, and I hope to hear the good news, but only to hear, they decided to take contract off market or something like that.

That is good to know, hopefully they keep our information. I have not had good luck with a lot of resales. After I put my offer in I get a call, and I hope to hear the good news, but only to hear, they decided to take contract off market or something like that.

Click to expand...

It can test your patience. I have only purchased resale twice, but both times I started tracking the inventory / contracts on the major broker sites. I watched the ones I really liked and let them age. Some of course get taken, but some remain. Then when it has been sitting a while, I make an offer.